Franco-Nevada (FNV) PT Lowered to C$124.00 at TD Securities
Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price decreased by TD Securities to C$124.00 in a research note published on Friday morning, StockTargetPrices.com reports. TD Securities currently has a buy rating on the stock.
A number of other research analysts have also recently issued reports on FNV. CIBC raised their price objective on Franco-Nevada from C$105.00 to C$110.00 in a research note on Thursday, August 10th. Canaccord Genuity raised their price objective on Franco-Nevada from C$111.00 to C$114.00 in a research note on Wednesday, August 9th. National Bank Financial raised their price objective on Franco-Nevada from C$100.00 to C$107.50 and gave the company a sector perform rating in a research note on Tuesday, November 7th. Scotiabank raised their price objective on Franco-Nevada to C$108.00 and gave the company a sector perform rating in a research note on Tuesday, November 7th. Finally, Royal Bank Of Canada raised their price objective on Franco-Nevada from C$100.00 to C$116.00 and gave the company an outperform rating in a research note on Tuesday, November 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of C$109.06.
Franco-Nevada (TSE FNV) opened at C$102.34 on Friday. Franco-Nevada has a 12 month low of C$71.44 and a 12 month high of C$110.18.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a $0.296 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.23. This represents a $1.18 annualized dividend and a dividend yield of 1.16%. Franco-Nevada’s dividend payout ratio (DPR) is presently 87.38%.
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Franco-Nevada Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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